BTC- Are we going for a breakout? 📈 Or is this a fakeout?
The chart is looking good here. Might not be at its best, but it's definitely better than last week's.
That red line you see moving around with the price is a golden cross/death cross indicator.
Now it's red, but it will turn green eventually, indicating bullishness & strength.
As you see, BTC has been trading in a downside movement, channeling.
This channel has had its breaks (3 down and the 1st one up today).
We just got rejected by a resistance, so we'll test it again...
It might retest multiple times. I'm bullish long-term!!!
It isn't marked, but we're in a support level rn.
That red line you see moving around with the price is a golden cross/death cross indicator.
Now it's red, but it will turn green eventually, indicating bullishness & strength.
As you see, BTC has been trading in a downside movement, channeling.
This channel has had its breaks (3 down and the 1st one up today).
We just got rejected by a resistance, so we'll test it again...
It might retest multiple times. I'm bullish long-term!!!
It isn't marked, but we're in a support level rn.